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December 19, 2014
PPG Industries says it has entered into exclusive negotiations to acquire Revocoat (Saint-Just-en-Chaussée, France), a maker of sealants, adhesives, and dampers for the...
http://www.chemweek.com/people_and_business/earnings_finance/PPG-to-acquire-automotive-materials-supplier_66369.html
December 19, 2014
DuPont today filed with the US Securities and Exchange Commission (SEC; Washington) to launch a spinoff of its mostly-commodity performance chemicals business, over a year after the...
http://www.chemweek.com/people_and_business/earnings_finance/DuPont-files-for-performance-chemicals-spinoff_66339.html
December 18, 2014
Uralkali (Berezniki, Russia), one of the largest potash producers, today announced its third-quarter results with revenues up 5% on the year-earlier quarter at $896 million. Production...
http://www.chemweek.com/people_and_business/earnings_finance/Uralkali-reports-strong-results-expects-record-potash-deliveries-this-year_66292.html
December 17, 2014
Canada’s producers of industrial chemicals are projecting a slight decline in sales volumes and profits in 2015, but a 30% increase in capital investment, according to a survey of members by the Chemistry Industry Association of Canada (CIAC)....
http://www.chemweek.com/people_and_business/earnings_finance/Canadian-producers-project-record-sales-for-2014-slight-decline-in-2015_66166.html
December 16, 2014
Israel Chemicals Ltd. (ICL; Tel Aviv) says it will invest up to $500.0 million for 50% ownership of a joint venture that will operate a fully integrated, world-scale phosphate business...
http://www.chemweek.com/people_and_business/earnings_finance/ICL-forms-Chinese-phosphates-JV-with-Yunnan-Yuntianhua_66208.html
December 16, 2014
Oilfield chemicals supplier WadeCo Specialties (Midland, TX) says it has acquired Select Chemicals Ltd. (Yorktown, TX), a maker of production chemicals for oil and gas operations in...
http://www.chemweek.com/people_and_business/earnings_finance/WadeCo-acquires-Texas-based-oil-production-chemicals-maker_66207.html
December 15, 2014
Sherwin-Williams (SW) today narrowed its full-year 2014 adjusted earnings guidance to $8.75–8.80/share compared with $8.70–8.80/share previously. Full-year sales are...
http://www.chemweek.com/people_and_business/earnings_finance/Sherwin-Williams-narrows-guidance-details-Lowes-program_66154.html
December 15, 2014
Export Development Canada (EDC; Ottawa) is acting as lead arranger in a $3.30-billion dollar debt financing consortium to Socar Turkey Aegean Refinery (Star; Istanbul) project in...
http://www.chemweek.com/people_and_business/earnings_finance/Canadas-export-credit-agency-lead-arranger-in-$3-30-billion-financing-for-Turkey-refinery-petchems-project_66180.html
December 15, 2014
Berkshire Hathaway (Omaha, NE) has acquired Charter Brokerage (New York), a provider of trade services and customs drawback logistics to the oil and chemical industries, from private...
http://www.chemweek.com/people_and_business/earnings_finance/Berkshire-Hathaway-buys-trade-services-firm-from-Arsenal_66186.html
December 11, 2014
US Bankruptcy Court in Delaware has approved the restructuring plan for RPM subsidiary Bondex, a maker of pigments, metal coatings, cleaning products and a variety of construction...
http://www.chemweek.com/people_and_business/earnings_finance/Court-approves-Bondex-restructuring-plan_66086.html
December 11, 2014
Sibur Holding (Moscow), an integrated gas processing and petrochemical company, today published its results for the nine months ended 30 September 2014. Revenue was up 33% to 263.9...
http://www.chemweek.com/people_and_business/earnings_finance/Sibur-reports-strong-results-following-completion-of-large-projects_66076.html
December 10, 2014
KMG Chemicals today reported fiscal 2015 first-quarter net income down 12% year-on-year (YOY), to $1.19 million, on sales down 3%, to $90.8 million. Adjusted net income rose 14%, to...
http://www.chemweek.com/people_and_business/earnings_finance/KMG-Chemicals-earnings-decline-on-lower-sales_66067.html
December 10, 2014
Former Solutia chairman and CEO Jeffry Quinn, currently founder and managing member of Quinpario Partners (New York), will be launching a capital management firm – called...
http://www.chemweek.com/people_and_business/earnings_finance/Quinn-to-launch-capital-management-firm_66037.html
December 9, 2014
Total Energy Ventures (TEV), the venture capital arm of Total, announced today that it is making an undisclosed investment in Solidia Technologies, a Piscataway, NJ-based firm with a...
http://www.chemweek.com/people_and_business/earnings_finance/Total-invests-in-NJ-based-sustainable-cement-firm_66008.html
December 9, 2014
Victrex (Thornton Cleveleys, UK), a producer of high-performance polymers, including poly(ether ether ketone) (PEEK), today announced its preliminary results for the financial year...
http://www.chemweek.com/people_and_business/earnings_finance/Victrex-reports-higher-sales-and-earnings-gives-update-on-new-PEEK-plant_65984.html
December 9, 2014
Activist hedge fund Barrington Capital (New York) today continued its campaign against Omnova management by nominating three directors to the company’s board, to stand at...
http://www.chemweek.com/people_and_business/earnings_finance/Activist-hedge-fund-nominates-three-Omnova-directors_65996.html
December 8, 2014
The New Zealand Superannuation Fund (NZ Super Fund) has made a $60-million equity investment in LanzaTech (Chicago) as part of a Series D round of funding that raised $112.6 for the...
http://www.chemweek.com/people_and_business/earnings_finance/New-Zealand-invests-$60-million-in-LanzaTech_65977.html
December 8, 2014
Production of chemicals in Germany increased by 1.5% in 2014, compared with last year, says chemical trade association VCI (Frankfurt). The increase in demand for chemicals was...
http://www.chemweek.com/people_and_business/earnings_finance/VCI-German-chemical-production-up-1-5-percent-in-2014-"moderate-upward-trend"-expected-in-2015_65962.html
December 5, 2014
Eastman announced today that its board of directors has approved a quarterly cash dividend increase of 14%, to 40 cts/share on the company’s common stock—payable 2 January...
http://www.chemweek.com/people_and_business/earnings_finance/Eastman-announces-dividend-increase_65929.html
December 5, 2014
The board of directors at Ecolab has declared a 20% increase in the company’s quarterly cash dividend, to 33 cts/share, to be paid on 15 January to all shareholders on record at...
http://www.chemweek.com/people_and_business/earnings_finance/Ecolab-increases-dividend-20-percent_65928.html
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